1.  In the opinion of the Board of Directors of the Company, the
 Current Assets, Loans and Advances have a value realizable in the
 ordinary course of business at least equal to the amount at which they
 are stated and provisions for all known liabilities are adequate and
 not in excess of the amount reasonably necessary.
 
 2.  Contingent liabilities
 
 2.1 Estimated amount of contracts remaining to be executed on Capital
 Account Rs. 41.62 lacs net of advance given (Previous Year Rs. Nil).
 
 2.2 Bank has given guarantee on behalf of the Company to various
 parties to the extent of Rs. 7.53 lacs (Previous Year Rs.Nil.)
 
 3.  Installments of term loans from financial institutions falling due
 within one year are Rs. 347.00 lacs (Previous Year Rs. Nil).
 
 4.  Company''s Income tax assessments have been completed up to
 Assessment year 2009-2010. In the opinion of Board of Director''s
 provision for income tax made is adequate
 
 5.  Unpaid overdue amount due on March 31, 2011 to Micro Small and
 Medium Enterprises and/or ancillary industrial suppliers on account of
 principal together with interest aggregate to Rs. Nil.
 
 This disclosure is on the basis of the information available with the
 company regarding the status of the suppliers as defined under the
 Micro, Small and Medium Enterprises Development Act, 2006.
 
 6.  The amount of Foreign Exchange gain included in the profit & loss
 account is Rs. 35.97 lacs (Previous Year Rs. Nil). Above amount is
 included in Other Income.
 
 7.  The company has only one business segment to be reported namely
 Soya Seed Extraction, as per Accounting Standard -17
 
 8. In accordance with the Accounting Standard (AS) 18 Related Party
 Disclosures issued by The Institute of Chartered Accountants of India
 (ICAI) and notified under the Companies Accounting Standards Rules,
 2006 the names of the related parties and the relevant disclosure is as
 under:-
 
 (a) Name of the related party and description of relationship:
 
 i.  Key Management Personnel:
 
 Shri Shiv Singh Mehta, Managing Director
 
 Smt. Purnima Mehta, Director
 
 Shri. Saurabh Singh Mehta, Executive Director ii Companies/Entities
 under the control of Key Management Personnel
 
 1) Kriti Industries (I) Ltd.
 
 2) Kriti Auto & Engineering Plastics Pvt. Ltd. (Wholly owned subsidiary
 of Kriti Industries (I) ltd)
 
 9.  Pursuant to the Scheme of arrangement the solvent division of
 Kriti Industries (India) Ltd is vested and transferred into the company
 as on appointed date fixed by the Hon''able High Court of Madhya Pradesh
 Bench at Indore i.e. 1st January 2010 and accordingly all assets and
 liabilities of solvent division on said date is vested into the
 company.
 
 10.  Company has changed its accounting year from calendar year to
 financial year and due to which current accounts have been made for 15
 month, i.e. from Jan-10 to March-11
 
 11.  Previous figures have been reclassified /regrouped wherever
 necessary however same are not comparable being different period and
 effect of scheme of arrangement as on 01/01/2010.